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Mar 31, 2013
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this is anna projection of the deficit that the deficit is continued to be ongoing >> are those solutions going to be available prior to an action item to approve the upcoming special request? >> the special request will be before you in next weeks budget competent. the budget two year budget plan is anticipated to go to the commission on april 23rd so it will be released 10 days after this committee >> thank you. >> i think
this is anna projection of the deficit that the deficit is continued to be ongoing >> are those solutions going to be available prior to an action item to approve the upcoming special request? >> the special request will be before you in next weeks budget competent. the budget two year budget plan is anticipated to go to the commission on april 23rd so it will be released 10 days after this committee >> thank you. >> i think
SFGTV: San Francisco Government Television
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Feb 14, 2013
02/13
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we will close that deficit. and, so, that deficit will be closed. it's a cumulative amount that is reducing every year and we estimate, i think, in three years that should be cleared. the open space fund will end a year with about $3 million, 3.6 within dt. and a negative 1.1 for central shops. what that means for central shops is unless they reduce their costs, that deficit then will be built into their rates to the departments for maintenance of vehicles in next fiscal year. and then finally some of the large enterprise departments, the airport operating fund has a healthy deficit of about $82 million -- excuse me, a surplus, fund balance of $82 million. mta, 57 million, port 30, and the three funds within the puc, hetch hetchy wastewater and the water operating fund are reported here. so, in summary, the local tax revenue is a primary driver of our net good condition. the five-year financial plan and the nine-month report will further inform the mayor and the board of supervisors of any changes that are anticipated. so, as ms. howard reported, ma
we will close that deficit. and, so, that deficit will be closed. it's a cumulative amount that is reducing every year and we estimate, i think, in three years that should be cleared. the open space fund will end a year with about $3 million, 3.6 within dt. and a negative 1.1 for central shops. what that means for central shops is unless they reduce their costs, that deficit then will be built into their rates to the departments for maintenance of vehicles in next fiscal year. and then finally...
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Mar 27, 2013
03/13
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this is anna projection of the deficit that the deficit is continued to be ongoing >> are those solutions going to be available prior to an action item to approve the upcoming special request? >> the special request will be before you in next weeks budget competent. the budget two year budget plan is anticipated to go to the commission on april 23rd so it will be released 10 days after this committee >> thank you. >> i think the purpose of today was to really give the committee here hey, we have a special coming up next week. we're going to having this going forward and how we're going to rectify the situation. this is more or less to set the stage >> i appreciate the question but i in terms of context here it's not because we've gone hog-wild and spent money on a later agenda. this is a long known infrastructure that the officials in this mayor's office have inclined in the past and it's grown over time and i think it's largely outside i can't speak it's outside of the control of this department and they've tried to deal with it for years but now we're going to try to fix this. i remembe
this is anna projection of the deficit that the deficit is continued to be ongoing >> are those solutions going to be available prior to an action item to approve the upcoming special request? >> the special request will be before you in next weeks budget competent. the budget two year budget plan is anticipated to go to the commission on april 23rd so it will be released 10 days after this committee >> thank you. >> i think the purpose of today was to really give the...
SFGTV: San Francisco Government Television
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Apr 4, 2013
04/13
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so it shows a deficit, but that revenue deficit is offset by an expenditure savings. we didn't have to make a transfer to get those revenues. so if you net that out -- i know this is convoluted -- >> chair farrell: the point being if you in netted that out then the surplus -- the expend tier deficit is greater than shown here. >> that's correct. that's correct. >> chair farrell: and then you're talking 31.2 versus 41.8 highlighted below. >> exactly. so the 45.9 million dollar number in the controller's six month report that ties to the controller's six month report are based on our projections for the six month report. we essentially base those on five months worth of actual data. and since that time, in the few months since we've been able to revise those projections down to about 31.2. the biggest causes of that change since the the six month report are on the next slide. the largest item is on salary and benefit spending. that's from a couple of things. the hospitals have both been very focused on trying to control their costs. but secondarily, we've had our -- whe
so it shows a deficit, but that revenue deficit is offset by an expenditure savings. we didn't have to make a transfer to get those revenues. so if you net that out -- i know this is convoluted -- >> chair farrell: the point being if you in netted that out then the surplus -- the expend tier deficit is greater than shown here. >> that's correct. that's correct. >> chair farrell: and then you're talking 31.2 versus 41.8 highlighted below. >> exactly. so the 45.9 million...
SFGTV: San Francisco Government Television
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Feb 13, 2013
02/13
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we projected a $5 76 million deficit. i think it's notable, to me it's notable about this table is that this is the -- this year with $129 million shortfall is really the best budget outlook we've had since fiscal 2007 and 2008. and it's -- we have climbed out of a significant hole. the mayor in december gave instructions to departments, asking them to reduce their ongoing general fund support by 3% over the next two years. so, 1-1/2% in each year. it's important to remember that 1-1/2% is only about $19 million. so, department solutionseses will always be a part of how the city balances its budget, but it certainly will not be the only way that we balance our budget. these are just more policy oriented instructions focusing on core functions, minimizing surface impacts. one of the things we're really interested in looking at is how are departments utilizing data to find opportunities for greater efficiency and to democrat on stray the effectiveness of their programs. and then of course to engage with their stakeholders.
we projected a $5 76 million deficit. i think it's notable, to me it's notable about this table is that this is the -- this year with $129 million shortfall is really the best budget outlook we've had since fiscal 2007 and 2008. and it's -- we have climbed out of a significant hole. the mayor in december gave instructions to departments, asking them to reduce their ongoing general fund support by 3% over the next two years. so, 1-1/2% in each year. it's important to remember that 1-1/2% is only...
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Mar 2, 2011
03/11
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some of those big pieces can get the deficit down substantially. i think that those will in some form or another be a part of the solution. but it still leaves us with about a $300 million projected deficit if we assume that all of those solutions are used. again, as you know, we asked departments to submit targets for reduction. i wanted to talk about how that math works. supervisor chu: could i ask you a quick question about the potential city-wide solutions? the $30 million in capital budgets rejection, previously we were able to find resurfacing money because of gas taxes. this year is there any chance for offset? >> a good question. conceivably we do have the possibility of using the gas tax to fund the streets further. we are getting to a point where sustainable to keep adding to that debt burden. it is a potential policy decision that we could make. we have used the gas tax for the last two years. we are getting to the point where that will be limited as a solution. the capital plan calls for, within the next two years, street resurfacing ge
some of those big pieces can get the deficit down substantially. i think that those will in some form or another be a part of the solution. but it still leaves us with about a $300 million projected deficit if we assume that all of those solutions are used. again, as you know, we asked departments to submit targets for reduction. i wanted to talk about how that math works. supervisor chu: could i ask you a quick question about the potential city-wide solutions? the $30 million in capital...
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Feb 6, 2021
02/21
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they made clear the deficit. we were under the assumption we would not have to make any operating contribution in fiscal year 22. we have that on the table, but we will have to work that through with caltrain. that is a possibility. we are waiting to see if the labor agreement cola is triggered by the march joint report of the controller and mayor's budget office. that is $10 million in savings. we want to make sure the revenue bond refinancing is possible. we don't know. to save up to $35 million. estimated somewhere 20 to $35 million amount. the austerity measures will not be $118 million next year. we know that is not possible to save that amount two times. aggressive austerity measures we think we can save up to $71 million. we will have a discussion about the impact of that decision. you will see the capital revenues shift, rainy day reserves. we did do an estimate of furloughs. we have looked at labor agreements. not all of them have an outright ban on furloughs. usually when the city negotiates the arrange
they made clear the deficit. we were under the assumption we would not have to make any operating contribution in fiscal year 22. we have that on the table, but we will have to work that through with caltrain. that is a possibility. we are waiting to see if the labor agreement cola is triggered by the march joint report of the controller and mayor's budget office. that is $10 million in savings. we want to make sure the revenue bond refinancing is possible. we don't know. to save up to $35...
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May 22, 2013
05/13
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the deficit is significantly that diminished. and part of the number one public sources the improvement in the health department pictures is significant and one of the drivers of the change for the six months o month mark. the mayor has approved a supplemental and the human savings on this side is the significant part of the savings $27 million good news vs. budget. half of that is related to a one-time associated case loads from the state. and the remaining balance is a mix of caseload savings and other programs and general salary savings for the balance. unless there's other questions from the departments i'll briefly provided a status report. further detailed in the report itself the general revise is budgeted and the mayor have approved supplementals. and we have the budget and rec and park revenues that allow the city as a whole to retain a part of the savings for the substance years each with balances. at the end of the year a portion of those balances are considered comprehend that was approved last year but beyond that th
the deficit is significantly that diminished. and part of the number one public sources the improvement in the health department pictures is significant and one of the drivers of the change for the six months o month mark. the mayor has approved a supplemental and the human savings on this side is the significant part of the savings $27 million good news vs. budget. half of that is related to a one-time associated case loads from the state. and the remaining balance is a mix of caseload savings...
SFGTV: San Francisco Government Television
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May 4, 2011
05/11
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we want news that will bring the deficit down somewhat. most of that is revenue. some of that is expenditures. that accounts for the change over the coming fiscal year. >> finally, on the numbers, 283 climbs into a deficit over the fiscal year 2016. this sounds cumulative. 12, 13, 14, 15, each of these years without a fix for a solution, we expect 16 to have a deficit of 829 million, correct? absolutely correct. we are pointing out that the way that this chart is set up is different from how we do but joint report, which in the joint report we do everything with incremental change in general fund. this is total dollars rather than incremental change. supervisor chu: thank you. >> in the first category of solutions, capital, budget, and that spending. we have talked about apple -- we have talked about it here on various occasions for the last several years. the actual budget appropriations have been less than the amount projected in the capital plan. we have continued to assume the capital plan recommended level of spending in deficit projections, which inflates ou
we want news that will bring the deficit down somewhat. most of that is revenue. some of that is expenditures. that accounts for the change over the coming fiscal year. >> finally, on the numbers, 283 climbs into a deficit over the fiscal year 2016. this sounds cumulative. 12, 13, 14, 15, each of these years without a fix for a solution, we expect 16 to have a deficit of 829 million, correct? absolutely correct. we are pointing out that the way that this chart is set up is different from...
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Mar 4, 2011
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of course, savings will go to reduce the deficit. supplementals that will be issued includes spending increases and reductions to increase the deficit next year by equal amounts. we are obviously at a point where we need to be serious about our contingency proposals. absent of change that affects the deficit, we are not going to get enough from the 7.5% targets to solve this thing.
of course, savings will go to reduce the deficit. supplementals that will be issued includes spending increases and reductions to increase the deficit next year by equal amounts. we are obviously at a point where we need to be serious about our contingency proposals. absent of change that affects the deficit, we are not going to get enough from the 7.5% targets to solve this thing.
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Apr 13, 2011
04/11
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$306 million which is the current deficit. what we talked about in the past is we have about $71 million of city wide solutions, which includes reductions to capital budget, as the controller discussed, pulling the prop h trigger, differing purchasing, central city what solutions like that. -- differing purchasing, central city wide solutions like that. it is a 10% target and contingency. these are simple but calculations of these targets. but these numbers are essentially the benefit we would see in the budget if we accepted all of those solutions that departments have given us as part of their target reductions. two things that i think are worth pointing out, first, the value of remaining 7.5% target number has changed. it the reason for that is that our single largest target and are single largest general fund department, the department of public health, has been discussed, some revenues to meet that target. that is, but above the line and a joint report. of our $74 million of good news in the joint report, about $20 millio
$306 million which is the current deficit. what we talked about in the past is we have about $71 million of city wide solutions, which includes reductions to capital budget, as the controller discussed, pulling the prop h trigger, differing purchasing, central city what solutions like that. -- differing purchasing, central city wide solutions like that. it is a 10% target and contingency. these are simple but calculations of these targets. but these numbers are essentially the benefit we would...
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Mar 28, 2013
03/13
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it's a significant portion of that deficit. of that amount there are a few things that are really driving those enemies. again, t again, t again, the -- it will match our expenditures from year to year. and we're in the process of rebuilding san francisco general hospital on the progress side we're on track in terms of the bond project and in terms of the timeline and it demonstrates our ability to move heard. there are expenditures on the furniture and equipment and on some of the transition costs that are not bond eligible costs those need to be paid out of the general fund costs. so that's one of our challenges ahead. and then, of course, our general increases in the costs of doing business in the department. so we clearly have a lot of work to do. right now we're still in the process of working with our commission because of the size of the deficits and the challenges that we have based on our projection of our current year deficit. we've extended those discussion later into the spring that we generally do. we're going to b
it's a significant portion of that deficit. of that amount there are a few things that are really driving those enemies. again, t again, t again, the -- it will match our expenditures from year to year. and we're in the process of rebuilding san francisco general hospital on the progress side we're on track in terms of the bond project and in terms of the timeline and it demonstrates our ability to move heard. there are expenditures on the furniture and equipment and on some of the transition...
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Feb 8, 2020
02/20
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what would the deficit be? of course, the mayor and the board are charter mandated to present a balanced budget and so we must make tradeoffs and choices over the next couple of months to bring revenues and expenditures into alignment. the controller's office provides revenue projections that show continued tax growth as i showed on the previous slide. other assumptions within the report include salary and benefit costs consistent with contracts negotiated over the last two years. we assume inflationary growth on the open contracts and the contracts expire. inflation is calculated by the controller's office as the average between the california department of finance, and i forget the second one, but it is a reputable source, and it averages 3% for four years of the projection. then finally, we assume benefit cost increases in alignment with both spurs projections as well as the health market cost changes as estimated by the health service system. finally, for city-wide and departmental costs, it assuming debt a
what would the deficit be? of course, the mayor and the board are charter mandated to present a balanced budget and so we must make tradeoffs and choices over the next couple of months to bring revenues and expenditures into alignment. the controller's office provides revenue projections that show continued tax growth as i showed on the previous slide. other assumptions within the report include salary and benefit costs consistent with contracts negotiated over the last two years. we assume...
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60
Mar 5, 2011
03/11
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our projected budget deficit has been $380 million for the coming year. since then, a number of things have changed. there are all of these moving pieces. expenditures to grow. revenue that changes. we have had revisions to our estimates. let me go through a couple of those quickly to give you a sense of what is moving. we will have a formal update to the deficit projection and a joint report coming out late in march. in a few weeks we will have all of the pieces put together for a better sense of what the full picture is. also, just very high level and not new information to any of you, but put in perspective, as you know we have a $6.5 billion city budget. about 45% is in the general fund. within $2.9 billion we have other significant restrictions on our options to take to balance the budget within that period a large and growing contribution to our pension system. an obligation we are required to make. other approved requirements locked in a portion of those expenditures. the big pieces that we are working with, by definition, the chunks of spending in
our projected budget deficit has been $380 million for the coming year. since then, a number of things have changed. there are all of these moving pieces. expenditures to grow. revenue that changes. we have had revisions to our estimates. let me go through a couple of those quickly to give you a sense of what is moving. we will have a formal update to the deficit projection and a joint report coming out late in march. in a few weeks we will have all of the pieces put together for a better sense...
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Jun 30, 2023
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so for example, no deficit at 23, no deficit 24. then in. 25 of fiscal year 25, the 130 million and then the following year, 214 million, the following year, 217 million. what is your projection of those deficit numbers with the news from the state? understand that some of the allocations may be arrays because of what mtc may decide, but i assume you've run those numbers and can update those for us of at least the range of what you're projecting with the state funds that have been announced. so we anticipate, for example, in 24, 25, we think it's going to cover about a third of the problem, which would mean we would still have a $60 million deficit in 24, 25 in sorry, in 25. 26, you mean? no in 24, 25, i thought 24, 25. you were projecting no deficit. 24, 20, 24, 25 would be the first year that we would see a deficit. so the first year of the new two year budget cycle in year two of that budget. i mean, i'm looking at your chart that shows fiscal year 24, you're showing no deficit, so you're saying that in the two year budget cycle
so for example, no deficit at 23, no deficit 24. then in. 25 of fiscal year 25, the 130 million and then the following year, 214 million, the following year, 217 million. what is your projection of those deficit numbers with the news from the state? understand that some of the allocations may be arrays because of what mtc may decide, but i assume you've run those numbers and can update those for us of at least the range of what you're projecting with the state funds that have been announced. so...
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Feb 8, 2021
02/21
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they made clear the deficit. we were under the assumption we would not have to make any operating contribution in fiscal year 22. we have that on the table, but we will have to work that through with caltrain. that is a possibility. we are waiting to see if the labor agreement cola is triggered by the march joint report of the controller and mayor's budget office. that is $10 million in savings. we want to make sure the revenue bond refinancing is possible. we don't know. to save up to $35 million. estimated somewhere 20 to $35 million amount. the austerity measures will not be $118 million next year. we know that is not possible to save that amount two times. aggressive austerity measures we think we can save up to $71 million. we will have a discussion about the impact of that decision. you will see the capital revenues shift, rainy day reserves. we did do an estimate of furloughs. we have looked at labor agreements. not all of them have an outright ban on furloughs. usually when the city negotiates the arrange
they made clear the deficit. we were under the assumption we would not have to make any operating contribution in fiscal year 22. we have that on the table, but we will have to work that through with caltrain. that is a possibility. we are waiting to see if the labor agreement cola is triggered by the march joint report of the controller and mayor's budget office. that is $10 million in savings. we want to make sure the revenue bond refinancing is possible. we don't know. to save up to $35...
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Mar 27, 2013
03/13
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but we still carry a deficit that was driven by labor costs. during this time we faced reductions and eliminations of programs. so to provide you with a few details for it does cost the department the one 20 and $30 million just to stay the same and those costs are due to pharmacy and medical supplies. those historical deficits prancing from 15 million has been consistently accounts for federal cuts. as we enter into health care reform and this has already started and we began that with seniors and people with disabilities. we will be paid for outcomes and performs and no longer for the number of invests. all of those are coming to a head this year and we're completing the opening of a new hospital and that's outside the bond we have to be able to pay for future and we're requesting money in the city. we need to make some different decisions and to ensure safety nets. for the last two years we have moved 10 thousand people who are dp h patients and have been transitioned into a health care plan and this would be based on performs rather than a
but we still carry a deficit that was driven by labor costs. during this time we faced reductions and eliminations of programs. so to provide you with a few details for it does cost the department the one 20 and $30 million just to stay the same and those costs are due to pharmacy and medical supplies. those historical deficits prancing from 15 million has been consistently accounts for federal cuts. as we enter into health care reform and this has already started and we began that with seniors...
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Mar 5, 2011
03/11
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of course, savings will go to reduce the deficit. supplementals that will be issued includes spending increases and reductions to increase the deficit next year by equal amounts. we are obviously at a point where we need to be serious about our contingency proposals. absent of change that affects the deficit, we are not going to get enough from the 7.5% targets to solve this thing. i think that we will at least have to take a serious look at department contingency proposals as a part of the solution. we also have to take a serious look at what we are going to have to do with the cuts coming out of the state government department. in the past we have chosen in -- chosen to backfill the fund. i do not know that we have the option of doing that this year. we have a $30 million reserve set up against state budget changes. i do not know that we have the luxury of using that reserve as a backstop for the state. we may have to trust in the delegation and the governor to pass a budget that we will be able to live with. of course, to the exte
of course, savings will go to reduce the deficit. supplementals that will be issued includes spending increases and reductions to increase the deficit next year by equal amounts. we are obviously at a point where we need to be serious about our contingency proposals. absent of change that affects the deficit, we are not going to get enough from the 7.5% targets to solve this thing. i think that we will at least have to take a serious look at department contingency proposals as a part of the...
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Jan 30, 2018
01/18
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and in 2014 when we put out the report, we had halved the structural deficit. brought revenue and expenditure closer in line with each other, which is really great. and then a period of extraordinary growth and the benefit is back over 700. so we have thought about why is that happening and figure it out. and by and large the biggest answer is around rapid employee cost growth. when you look at what's happened from when we put out the 2014 projection, you can see that pension costs are the most significant change, about 200 million plus of the change and the deficit, and that's as a result of losing the lawsuit, that says in years when we have one time better than expected news, with he have to give an ongoing base building coa to the retire he is. and when -- assume 7.5% return every year, i know very familiar with, and in years when we do not have that, it's phased in over five years. and the reretirement system updated the mortality table, and the employees are living longer, an excellent thing. paying pensions over a longer time period. the next biggest thi
and in 2014 when we put out the report, we had halved the structural deficit. brought revenue and expenditure closer in line with each other, which is really great. and then a period of extraordinary growth and the benefit is back over 700. so we have thought about why is that happening and figure it out. and by and large the biggest answer is around rapid employee cost growth. when you look at what's happened from when we put out the 2014 projection, you can see that pension costs are the most...
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Feb 6, 2020
02/20
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what would the deficit be? of course, the mayor and the board are charter mandated to present a balanced budget and so we must make tradeoffs and choices over the next couple of months to bring revenues and expenditures into alignment. the controller's office provides revenue projections that show continued tax growth as i showed on the previous slide. other assumptions within the report include salary and benefit costs consistent with contracts negotiated over the last two years. we assume inflationary growth on the open contracts and the contracts expire. inflation is calculated by the controller's office as the average between the california department of finance, and i forget the second one, but it is a reputable source, and it averages 3% for four years of the projection. then finally, we assume benefit cost increases in alignment with both spurs projections as well as the health market cost changes as estimated by the health service system. finally, for city-wide and departmental costs, it assuming debt a
what would the deficit be? of course, the mayor and the board are charter mandated to present a balanced budget and so we must make tradeoffs and choices over the next couple of months to bring revenues and expenditures into alignment. the controller's office provides revenue projections that show continued tax growth as i showed on the previous slide. other assumptions within the report include salary and benefit costs consistent with contracts negotiated over the last two years. we assume...
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Feb 5, 2020
02/20
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what would the deficit be? of course, the mayor and the board are charter mandated to present a balanced budget and so we must make tradeoffs and choices over the next couple of months to bring revenues and expenditures into alignment. the controller's office provides revenue projections that show continued tax growth as i showed on the previous slide. other assumptions within the report include salary and benefit costs consistent with contracts negotiated over the last two years. we assume inflationary growth on the open contracts and the contracts expire. inflation is calculated by the controller's office as the average between the california department of finance, and i forget the second one, but it is a reputable source, and it averages 3% for four years of the projection. then finally, we assume benefit cost increases in alignment with both spurs projections as well as the health market cost changes as estimated by the health service system. finally, for city-wide and departmental costs, it assuming debt a
what would the deficit be? of course, the mayor and the board are charter mandated to present a balanced budget and so we must make tradeoffs and choices over the next couple of months to bring revenues and expenditures into alignment. the controller's office provides revenue projections that show continued tax growth as i showed on the previous slide. other assumptions within the report include salary and benefit costs consistent with contracts negotiated over the last two years. we assume...
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Feb 22, 2022
02/22
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time we had no structural deficit? >> i would have to get back to you on that. i know the city has only been doing the long-term financial forecasting since just after the prior recession. we may only be able to see back another 12 years or so. i'm happy to look into it and get back to you. >> supervisor mar: appreciate it. the structural deficit figure, that doesn't include reserves? >> it does not assume any use of reserves that hasn't already been adopted in the currently adopted budget. >> supervisor mar: i'd be interested in knowing the state of our reserves right now, too. i don't know if that is going to be part of another presentation today. have they grown or declined? >> maybe i can make a global comment and then michelle from the controller's office can maybe comment more specifically. we have modestly used reserves over the last few years. we have been fortunate to not have to have them for the times we really needed them and then have only needed to use a modest amount in the last two budgets. >> i was jus
time we had no structural deficit? >> i would have to get back to you on that. i know the city has only been doing the long-term financial forecasting since just after the prior recession. we may only be able to see back another 12 years or so. i'm happy to look into it and get back to you. >> supervisor mar: appreciate it. the structural deficit figure, that doesn't include reserves? >> it does not assume any use of reserves that hasn't already been adopted in the currently...
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Apr 27, 2011
04/11
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unlike the federal government, we do not have the luxury of operating in a deficit. we have a requirement in our city charter that is ironclad that we balance our budget every year. that means that our sources, which is the money coming into our budget, half to equal the uses, which are the expenditures in our budget. right now, when we look ahead to next year, what we see -- and it is a little bit hard to see on this screen because the sources is blending into the background, but we had a little bit of good news on our revenue. these numbers are when we compare the current year to what we're going to see next year. about $37 million of improvement in our revenues, and i will talk a little bit about why that is, but on the expenditure side, we see $344 million of increased expenditures if we just continue our current level of operation. the impact of those numbers is that we are facing a $306 million general fund deficit for the coming year. next slide. the big picture for us -- it has been a tough couple of years for the city, as you all know. it has been a tough co
unlike the federal government, we do not have the luxury of operating in a deficit. we have a requirement in our city charter that is ironclad that we balance our budget every year. that means that our sources, which is the money coming into our budget, half to equal the uses, which are the expenditures in our budget. right now, when we look ahead to next year, what we see -- and it is a little bit hard to see on this screen because the sources is blending into the background, but we had a...
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Mar 11, 2018
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we've exhausted stablization money and we're in a deficit. i think it's really important that we understand the underlying dynamics as how we arrive at these figures year to year. we can't afford to hammer our members with big rate increases, you know, if -- because we've manage today build ours into a deficit situation for the two or three preceding years. that seems unfair also. so this is becoming more and more difficult i think in terms of finding that right balance. >> no. absolutely appreciate your commentary, and we will be engaging blue shield in that discussion even starting next week. >> okay. thanks. >> so commissioners, are you requesting that the fully insured increases for the past few years be included on their next presentation, too? >> i would like to know how those have been trending with blue shield for the last several years in the bay area for bay area employees. >> okay. noted. we will. >> are you agreeing to continue, still? >> so just to acliclimate you the rest of the report, the page eight is the total basis where we
we've exhausted stablization money and we're in a deficit. i think it's really important that we understand the underlying dynamics as how we arrive at these figures year to year. we can't afford to hammer our members with big rate increases, you know, if -- because we've manage today build ours into a deficit situation for the two or three preceding years. that seems unfair also. so this is becoming more and more difficult i think in terms of finding that right balance. >> no. absolutely...
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Jun 16, 2011
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this is the latest in multiple years' worth of projected budget deficits. is this overhead working? >> i think i got it. again, this is the latest in several years worth of significant budget deficits and driven by the challenges we are seeing in the economy. we had a $306 million projected general fund bang deficit, and that is driven by a number of things. we have city-wide high rate of growth in our employee costs, driven primarily by fringe benefits, including pension and health care benefits. we also built into our deficit the loss of a significant number of state and federal revenues that we have used to balance over the past couple of years, primarily in health and human services, that are leaving our budget. they are offsetting the modest recovery that we are seeing in our economy and local tax revenues. so the mayor had asked, in the winter of this year, in preparation of the budget department, to propose to increase in reductions to general fund support, and an additional 10% contingency. and those are significant targets that we issue. just in terms of the very highest le
this is the latest in multiple years' worth of projected budget deficits. is this overhead working? >> i think i got it. again, this is the latest in several years worth of significant budget deficits and driven by the challenges we are seeing in the economy. we had a $306 million projected general fund bang deficit, and that is driven by a number of things. we have city-wide high rate of growth in our employee costs, driven primarily by fringe benefits, including pension and health care...
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Apr 3, 2013
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that is part of the deficit. and i think there are a couple of things -- the way i think about our structural deficit is there are two issues. there's the amount that we're spending overbudget, and that's about $45 million per year, that we're spending over our budget. and then there's how much of that $45 million can we cover r revenues in excess of budget. so the 19 million that we are not receiving as we transition to managed care means that instead of us being able to cover additional portion of that revenue and perhaps use that revenue to fix it in the budget, we're here asking you for general fund. >> supervisor wiener: of that 45 -- i'm talking after this fiscal year, the ongoing structural defers, 45 million -- deficit, 45 million, how much do you anticipate needing all of that to be filled from the general fund? or are there -- i assume there are other revenues that are going to cover a portion of that. so my fundamental question is the structural deficit, where the general fund may need to step in, year
that is part of the deficit. and i think there are a couple of things -- the way i think about our structural deficit is there are two issues. there's the amount that we're spending overbudget, and that's about $45 million per year, that we're spending over our budget. and then there's how much of that $45 million can we cover r revenues in excess of budget. so the 19 million that we are not receiving as we transition to managed care means that instead of us being able to cover additional...
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May 27, 2013
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we have deficits on both sides while we, of course, work within a balanced budget we have deficits that inhibit our ability to make the economy work well, in the city. and the last i'll emphasis is the point i started with our budget for next year has been approved by you and we're not proposing any changes. the voters put together the san francisco mta to be really comprehensive integrated agency so we could coordinate the systems. the plan we adopted last year the strategic plan that was adopted by the senate mount board of supervisors included this vision and mission and for over arching goals to make sure the system is safe so no matter how you're getting around in san francisco no matter if you're on bike or on foot and we choose that to be the number one
we have deficits on both sides while we, of course, work within a balanced budget we have deficits that inhibit our ability to make the economy work well, in the city. and the last i'll emphasis is the point i started with our budget for next year has been approved by you and we're not proposing any changes. the voters put together the san francisco mta to be really comprehensive integrated agency so we could coordinate the systems. the plan we adopted last year the strategic plan that was...
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May 2, 2013
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and so the next two years, we have are facing a deficit and kate will tell us why that deficit is there, but we begin by saying that we have got $123 million budget deficit for next fiscal year, but the second year is a little larger, about $256 million budget deficit and put it in context. as past parents of this great city, we used to have hundreds and hundreds of more deficits that have to deal with when the economy was bad. now it's recovering. and i have to thank the public, the business groups, the non-profits and everybody that has been sacrificing to help us balance this budget. because it's their sacrifices that got us through these very hard years. so it sounds like 123 and 256 are not great numbers. they are still serious deficits, but i think we have a spirit, where the parents, the legislative body and the executive branch are working closely together to make that gap closer. we have that, and i want to say, the principles that are guiding me in setting this budget, i want a sound economic budget. i want the residents and visitors in this city to feel that they have a safe
and so the next two years, we have are facing a deficit and kate will tell us why that deficit is there, but we begin by saying that we have got $123 million budget deficit for next fiscal year, but the second year is a little larger, about $256 million budget deficit and put it in context. as past parents of this great city, we used to have hundreds and hundreds of more deficits that have to deal with when the economy was bad. now it's recovering. and i have to thank the public, the business...
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Jun 23, 2022
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stop-gap for this year's deficit. the program model and the costs in the budget is something that needs to speak with the financial sustainability plan. >> supervisor ronen: okay. we just ok'd less than a month ago at the budget and finance committee a five-year extension to baker place's contracts for the assisted independent living, odyssey house and baker street house and robertson place and san jose place, acceptance place, joe healey medical detox, and an overall cost of doing business increase to be allocated. so, we ok'd an annual amount of $4,869,295 for joe healey. what were we paying them prior to this contract? so what was that contract for annually prior to this contract? and if you don't know, that's a problem, and i'm not going to okay this today if you don't know that information. i made it crystal clear when i agreed with strictly no information to have a motion for this committee of the whole that you need to come prepared to answer detailed questions to this board of supervisors. and we have gotten h
stop-gap for this year's deficit. the program model and the costs in the budget is something that needs to speak with the financial sustainability plan. >> supervisor ronen: okay. we just ok'd less than a month ago at the budget and finance committee a five-year extension to baker place's contracts for the assisted independent living, odyssey house and baker street house and robertson place and san jose place, acceptance place, joe healey medical detox, and an overall cost of doing...
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May 22, 2015
05/15
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what we have at this point at the end of april is a hiring deficit of 19. they have a ways to go to catch up with that, but we are on a upward trajectory. just a couple more slides, i thought this may be of interest. for the 45 system hires this breaks s down what occupations folks have gaulten at cpmc. maybe one way to look at this and how the system looks that the hires, if you look at clinical position and positions that deal with patient versus non clinical, 18 of the 45 oare clinical and 4 [inaudible] >> can i clarify one question? >> sur >> so the good faith effort are supposed to reach 40 percent of all entry level job openings, but what did you say was the prertage that they reached-19 percent deficit, what is the percentage they reached? >> on that slide if you look that third column they are at 28 percent #23r5u78 the project beginning through the most recent data available which is april 2015 and that creates a hiring deficit of 19 >> since they didn't meet the 40 percent that deficit is added on top of 40 percent for the next period? >> exactly.
what we have at this point at the end of april is a hiring deficit of 19. they have a ways to go to catch up with that, but we are on a upward trajectory. just a couple more slides, i thought this may be of interest. for the 45 system hires this breaks s down what occupations folks have gaulten at cpmc. maybe one way to look at this and how the system looks that the hires, if you look at clinical position and positions that deal with patient versus non clinical, 18 of the 45 oare clinical and 4...
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Jan 5, 2011
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it is not really a true deficit, but it is a deficit from what was budgeted. materials and supplies, we moved $4.7 million from the operating budget to the capital budget. the remaining part is fy 2010 committed expenditures. same thing on the material on supplies. some of it is going to capital budget because of prop k and the remaining part is the prior year commitment. the next three areas, rent and building insurance payment and work orders are prior year commitments that will expend this year. the work orders, we had $4. million in work orders unpaid from last year because we had not received the documentation. we carried them over to this year, and to the extent we get the appropriate documentations, well moosm the dash make the payment. the bottom line is the off set of the $35 million offsets that . so this is the picture. $11.6 million negative variance on revenue. $9.6 expenditure average, which is about a $21 million problem. if you care it to when we started, it is not the same magnitude we have been face negligence prior years. it is about 2.6% of
it is not really a true deficit, but it is a deficit from what was budgeted. materials and supplies, we moved $4.7 million from the operating budget to the capital budget. the remaining part is fy 2010 committed expenditures. same thing on the material on supplies. some of it is going to capital budget because of prop k and the remaining part is the prior year commitment. the next three areas, rent and building insurance payment and work orders are prior year commitments that will expend this...
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May 9, 2011
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the deficit that was included in the joint report has been changed in this projection. the reason for that, we have the nine month report that is scheduled to come out early next week. that is the third quarter report where we look at current year's spending and revenues. as
the deficit that was included in the joint report has been changed in this projection. the reason for that, we have the nine month report that is scheduled to come out early next week. that is the third quarter report where we look at current year's spending and revenues. as
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Apr 12, 2011
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we have a serious budget deficits. we have a mandate to create jobs for the people of san francisco. it is our responsibility to keep the city beautiful and livable for all people of all incomes and in all neighborhoods. whatever it takes to accomplish these goals, sessions like this question time or town hall meetings in your district, i'm eager to show up for those discussions. with that said, i appreciate the thoughtful questions you sent last week. i look forward to this discussion. president chiu: thank you, mr. mayor. for our first question, i will call on our supervisor from district 1. supervisor mar: thank you for your leadership. what policies the recommend for a citywide from work or all of our -- where we get advantages for community benefits. additionally, how will you ensure the greatest possible community participation and engagement in the creation of a community benefits agreement in the mid market area and any other community are realized? mayor lee: thank you for that question. we have a variety of d
we have a serious budget deficits. we have a mandate to create jobs for the people of san francisco. it is our responsibility to keep the city beautiful and livable for all people of all incomes and in all neighborhoods. whatever it takes to accomplish these goals, sessions like this question time or town hall meetings in your district, i'm eager to show up for those discussions. with that said, i appreciate the thoughtful questions you sent last week. i look forward to this discussion....
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Jan 3, 2011
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the state is facing another large deficit. we expect more information about how the incoming lawyer 10 -- intends to address that. we will get other indications once the proposal is released in january. againswe have a place holder asd in our deficit projection that is part science and mostly art. it is looking fact -- looking back as a reasonable estimate. >> it is at this point of checking in. we are significantly better than what has come in the recent past. >> that is correct for the current year. i would caution that things could change the budget we adopted this past summer. as you are referencing, the actual impact of the adopted budget were about $7 million, so there was some additional funding we were able to give to cover other revenue losses. however, i think it is fair to say a significant number of solutions and assumptions included in the final adopted state budget are no longer standing, so there may have to be some corrections where the state revisits some decisions made in the past budget and also make an addi
the state is facing another large deficit. we expect more information about how the incoming lawyer 10 -- intends to address that. we will get other indications once the proposal is released in january. againswe have a place holder asd in our deficit projection that is part science and mostly art. it is looking fact -- looking back as a reasonable estimate. >> it is at this point of checking in. we are significantly better than what has come in the recent past. >> that is correct...